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TCS

WHERE IS NIFTY IT HEADED ?Nifty It has been showing no particular direction for the past week, sometimes on a solid green day it manages to fall and sometimes seeing Nasdaq it seems to gain some points but what is the real direction of this sector? I have taken the top 5 Nifty I.T stocks that have the most weightage in this sector and have analysed them. Below are all the top 5 constituents of cnxit. 1. INFY 2. TCS 3. HCLTECH 4. WIPRO 5. TECHM INFY I can spot LH LL formation in this and seems like it has had it's pullback and will continue to correct itself. TCS TCS has been following this support trendline for sometime and it can be taken into account that after double top tcs went for a pullback and again a low can be made near 3550 levels. HCLTECH HCLTECH is facing resistance from 1200 levels which is psychologically and technically a strong resistance level and now it seems like it's due a correction. WIPRO Took a bounce from the demand zone but is still below the 200 ma and flip level. TECHM Techm looks like that it is sitting on a crucial level and the next few candles can give us a sense of direction. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times. These are just my views and I am not a SEBI registered analyst so consult your advisor before taking any trades.
NSE:CNXIT
by this_is_shoaib
1
TCS Rockets In Preparation For Liftoff To 4000+TCS is forming an ending diagonal in sub-wave 5 of wave((5)). Price is about to complete the last move of the ending diagonal. It has created sub-waves 'i' and 'ii' of wave 5. The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'. Rule of invalidation : wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through t railing stops. Acceleration of wave (5) can give the move up to 4080 .
NSE:TCSLong
by forextidings
9
TCS Pre-emptive Cup and Handle Target 4600• Historically, 7 out of 10 years TCS has closed positively in the months April to Aug, Avg Monthly returns in these months are >3% • Highest gains in term of % (~24% in April’18 | ~12% in May’17 | ~14% June’14 | ~20% Jul’13 | ~20% Aug’21) has also come in the same time frame • Recent announcement of buy back at 4500/shares can support the momentum • Currently the stock is in formation of Cup and Handle patter on weekly chart, which expected to complete the pattern by March’22, after consolidation of ~7 months • Upward momentum is expected to pick up post Q4FY21 and stock is expected to rally till 4600+ levels in Q1FY22 to Q2FY22 One can pre-empt the handle formation of the pattern and enter in to long trade at CMP or on dips till 3625, for the target of 4600+ in next six months. If stock closes below 3600 on weekly basis, the view will get negated. ************* Disclaimer : -Please conduct your thorough research/analysis before doing the trade -Idea shared is only for educational purpose -Please trade on your own risk ************
NSE:TCSLong
by viralkadecha
YR 2022 Idea #7: Long on TCS This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:TCSLong
by Trabot_Solutions
TCS: Range bound movement till Mar 2022 ?TCS The stock looks likely to be range bound Broader range 3400-4000 Plan your trade accordingly...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TCS
by indiamarketoutlook
TCS LongI hope you can now see how TCS represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:TCSLong
by EntryandExit